BRIEF-Aeroclean Technologies And Molekule To Combine In An All-Stock Merger

Reuters

2022-10-04

Oct 3 (Reuters) - AeroClean Technologies Inc :

* AEROCLEAN TECHNOLOGIES AND MOLEKULE TO COMBINE IN AN ALL-STOCK MERGER ESTABLISHING AN INDUSTRY-LEADING PROVIDER OF PREMIUM, FDA-CLEARED AIR PURIFICATION PRODUCTS AND SOLUTIONS

* AEROCLEAN TECHNOLOGIES INC - AEROCLEAN $(AERC)$ WILL CHANGE ITS NAME AND TICKER SYMBOL TO MOLEKULE, INC. (NASDAQ: MKUL)

* AEROCLEAN TECHNOLOGIES INC - AMIN KHOURY WILL ASSUME A MORE ACTIVE ROLE AS NON-EXECUTIVE CHAIRMAN AT COMBINED COMPANY

* AEROCLEAN TECHNOLOGIES INC - AEROCLEAN'S EXECUTIVE TEAM, CEO JASON DIBONA AND CFO RYAN TYLER, WILL REMAIN IN THOSE ROLES AT COMBINED COMPANY

* AEROCLEAN TECHNOLOGIES INC - MOLEKULE'S CEO JONATHAN HARRIS WILL TRANSITION TO CCO (CHIEF COMMERCIAL OFFICER) OF COMBINED COMPANY

* AEROCLEAN TECHNOLOGIES INC - SIX-MEMBER AEROCLEAN BOARD OF DIRECTORS WILL BE EXPANDED TO SEVEN MEMBERS

* AEROCLEAN TECHNOLOGIES INC - BRAD FELD, MOLEKULE BOARD MEMBER AND CO-FOUNDER OF VENTURE CAPITAL FIRM FOUNDRY, JOINING COMBINED COMPANY'S BOARD

* AEROCLEAN - AEROCLEAN STOCKHOLDERS WILL OWN 50.5%, MOLEKULE STOCKHOLDERS WILL OWN 49.5% OF OUTSTANDING COMMON EQUITY OF COMBINED CO ON PRO FORMA BASIS

* AEROCLEAN TECHNOLOGIES INC - COMBINED COMPANY WILL REMAIN HEADQUARTERED IN PALM BEACH GARDENS, FLORIDA

* AEROCLEAN TECHNOLOGIES INC - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF BOTH AEROCLEAN AND MOLEKULE

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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(NASDAQ: MKUL)</p><p>   * AEROCLEAN TECHNOLOGIES INC - AMIN KHOURY WILL ASSUME A MORE ACTIVE ROLE AS NON-EXECUTIVE CHAIRMAN AT COMBINED COMPANY</p><p>   * AEROCLEAN TECHNOLOGIES INC - AEROCLEAN'S EXECUTIVE TEAM, CEO JASON DIBONA AND CFO RYAN TYLER, WILL REMAIN IN THOSE ROLES AT COMBINED COMPANY</p><p>   * AEROCLEAN TECHNOLOGIES INC - MOLEKULE'S CEO JONATHAN HARRIS WILL TRANSITION TO CCO (CHIEF COMMERCIAL OFFICER) OF COMBINED COMPANY</p><p>   * AEROCLEAN TECHNOLOGIES INC - SIX-MEMBER AEROCLEAN BOARD OF DIRECTORS WILL BE EXPANDED TO SEVEN MEMBERS</p><p>   * AEROCLEAN TECHNOLOGIES INC - BRAD FELD, MOLEKULE BOARD MEMBER AND CO-FOUNDER OF VENTURE CAPITAL FIRM FOUNDRY, JOINING COMBINED COMPANY'S BOARD</p><p>   * AEROCLEAN - AEROCLEAN STOCKHOLDERS WILL OWN 50.5%, MOLEKULE STOCKHOLDERS WILL OWN 49.5% OF OUTSTANDING COMMON EQUITY OF COMBINED CO ON PRO FORMA BASIS</p><p>   * AEROCLEAN TECHNOLOGIES INC - COMBINED COMPANY WILL REMAIN HEADQUARTERED IN PALM BEACH GARDENS, FLORIDA</p><p>   * AEROCLEAN TECHNOLOGIES INC - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF BOTH AEROCLEAN AND MOLEKULE</p><p>Source text for Eikon:    Further company coverage:   </p><p>((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2272025100","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2272025100","pubTimestamp":1664828514,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Oct 3 (Reuters) - AeroClean Technologies Inc   :   * AEROCLEAN TECHNOLOGIES AND MOLEKULE TO COMBINE ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"简介-Aeroclean Technologies和Molekule将进行全股票合并","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":0.61,"AERC":0.9,"APR":0.9,"CGEM":0.9,"MNQmain":0.6,"NQmain":0.6,"LABP":0.9,"LHDX":0.9,"ONTF":0.9,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SANA":0.9,"SQQQ":0.6,"TQQQ":0.6},"content_text":"Oct 3 (Reuters) - AeroClean Technologies Inc   :   * AEROCLEAN TECHNOLOGIES AND MOLEKULE TO COMBINE IN AN ALL-STOCK MERGER ESTABLISHING AN INDUSTRY-LEADING PROVIDER OF PREMIUM, FDA-CLEARED AIR PURIFICATION PRODUCTS AND SOLUTIONS   * AEROCLEAN TECHNOLOGIES INC - AEROCLEAN $(AERC)$ WILL CHANGE ITS NAME AND TICKER SYMBOL TO MOLEKULE, INC. (NASDAQ: MKUL)   * AEROCLEAN TECHNOLOGIES INC - AMIN KHOURY WILL ASSUME A MORE ACTIVE ROLE AS NON-EXECUTIVE CHAIRMAN AT COMBINED COMPANY   * AEROCLEAN TECHNOLOGIES INC - AEROCLEAN'S EXECUTIVE TEAM, CEO JASON DIBONA AND CFO RYAN TYLER, WILL REMAIN IN THOSE ROLES AT COMBINED COMPANY   * AEROCLEAN TECHNOLOGIES INC - MOLEKULE'S CEO JONATHAN HARRIS WILL TRANSITION TO CCO (CHIEF COMMERCIAL OFFICER) OF COMBINED COMPANY   * AEROCLEAN TECHNOLOGIES INC - SIX-MEMBER AEROCLEAN BOARD OF DIRECTORS WILL BE EXPANDED TO SEVEN MEMBERS   * AEROCLEAN TECHNOLOGIES INC - BRAD FELD, MOLEKULE BOARD MEMBER AND CO-FOUNDER OF VENTURE CAPITAL FIRM FOUNDRY, JOINING COMBINED COMPANY'S BOARD   * AEROCLEAN - AEROCLEAN STOCKHOLDERS WILL OWN 50.5%, MOLEKULE STOCKHOLDERS WILL OWN 49.5% OF OUTSTANDING COMMON EQUITY OF COMBINED CO ON PRO FORMA BASIS   * AEROCLEAN TECHNOLOGIES INC - COMBINED COMPANY WILL REMAIN HEADQUARTERED IN PALM BEACH GARDENS, FLORIDA   * AEROCLEAN TECHNOLOGIES INC - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF BOTH AEROCLEAN AND MOLEKULESource text for Eikon:    Further company coverage:   ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}